Tidewater (TDW) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 30.56%. A quarter ago, it was expected that this offshore energy services provider would post earnings of $0.49 per share when it actually produced earnings of $0.89, delivering a surprise of 81.63%. Over the last four qu ...

Even though Tidewater's stock has recently experienced a significant increase, I still consider it to be an attractive option for investors. Source: Tidewater's presentation Number of Vessels Average Age (yrs) Average Age - The market for OSVs is currently driven by several key factors, with the main drivers being deepwater exploration capital expenditure and the utilization rates of oil rigs. High oil prices recently have made it financially feasible to explore as well as produce oil and gas offshore, resu ...

Sergei Dubrovskii Investment Thesis Demand for OSVs will remain robust as a result of healthy oil prices, peaking US shale production, and lower offshore breakeven levels. On the supply side, limited yard capacity, high newbuilding and secondhand prices, and ageing global fleet will retain day rates and utilization rates high. Lastly, we believe that the market is too conservative in anticipating TDW's future revenue. Our estimated fair value is between $125 and $163 per share (22% to 59% upside potential), ...

Tidewater Inc. (NYSE:TDW) Q1 2024 Earnings Conference Call May 3, 2024 9:00 AM ET Company Participants West Gotcher - VP, Finance & IR Quintin Kneen - President & CEO Piers Middleton - Chief Commercial Officer Sam Rubio - CFO Conference Call Participants Jim Rollyson - Raymond James Fredrik Stene - Clarksons Securities David Smith - Pickering Energy Partners Josh Jayne - Daniel Energy Sherif Elmaghrabi - BTIG Don Crist - Johnson Rice Operator Thank you for standing by. My name is Dee, and I will be your con ...

Quintin Kneen, Tidewater's President and Chief Executive Officer, commented, "First quarter results came in nicely above our expectations, especially for a period that is typically the slowest quarter of the year due to seasonality in certain markets and a front-loaded drydock schedule. Our consolidated global average day rate continued the upward trend we saw throughout 2023, with the average day rate increasing nearly $1,500 per day sequentially, an increase of over 8%. Each of our classes of vessels saw ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 1-6311 Tidewater Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation) (I.R.S. Employer Id ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 1-6311 (Exact name of registrant as specified in its charter) Delaware 72-0487776 (State of incorporation) (I.R.S. Employer Ide ...

Exhibit 99.1 Tidewater Inc. 842 West Sam Houston Parkway North, Suite 400 Houston, TX 77024, USA +1.713.470.5300 Tidewater Reports Results for the Three and Twelve Months Ended December 31, 2023 Full-Year 2023 Highlights Fourth Quarter 2023 Highlights Share Repurchase Program and 2024 Guidance HOUSTON, February 29, 2024 - Tidewater Inc. (NYSE:TDW) announced today revenue for the three and twelve months ended December 31, 2023 of $302.7 million and $1,010.0 million, respectively, compared with $186.7 million ...

Tidewater Inc. (NYSE:TDW) Q3 2023 Earnings Conference Call November 7, 2023 9:00 AM ET Company Participants West Gotcher - Vice President, Finance and Investor Relations Quintin Kneen - President and CEO Sam Rubio - Chief Financial Officer Piers Middleton - Chief Commercial Officer Conference Call Participants Jim Rollyson - Raymond James Greg Lewis - BTIG Operator Thank you for standing by. My name is Eric, and I will be your conference operator today. At this time, I would like to welcome everyone to the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 1-6311 Tidewater Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation) (I.R.S. Employe ...